According to informed sources, Italian energy giant Eni SpA is in talks with PlusPetrol SA to acquire stakes in multiple natural gas fields in Argentina, thereby increasing the export of natural gas from Argentina. (Bloomberg)

Eni, Petronas, Euglena See Malaysian Pengerang Biorefinery To Start Operations In H2 2028

Nov 10 (Reuters) - Eni Spa (ENI.MI) , Petroliam Nasional Berhad, Euglena Co Ltd (2931.T) :* PENGERANG BIOREFINERY IN MALAYSIA TO PROCESS UP TO 650,000 TONNES OF RENEWABLE FEEDSTOCK/YEAR, TO PRODUCE SUSTAINABLE AVIATION FUEL (SAF), HYDROGENATED VEGETABLE OIL (HVO), BIO-NAPHTHA* NEW FACILITY IS TARGETED TO COMMENCE OPERATIONS BY H2 OF 2028 IN LINE WITH SCHEDULE Further company coverage: (ENI) (2931.T)(Gdansk Newsroom)((gdansk.newsroom@thomsonreuters.com; +48587696600;))

Eni, PETRONAS, and Euglena Break Ground on Major Biorefinery in Malaysia

Eni S.p.A., PETRONAS, and Euglena Co., Ltd have commenced construction on a biorefinery in Pengerang, Johor, Malaysia. The facility, developed by Pengerang Biorefinery Sdn. Bhd., will process 650,000 tonnes of renewable feedstock annually, producing Sustainable Aviation Fuel (SAF), Hydrogenated Vegetable Oil (HVO), and bio-naphtha. Operations are set to begin in the second half of 2028, contributing to global decarbonisation efforts in transportation and sustainable fuel production.

Eni Sells 20% Stake in Plenitude to Ares for €2 Billion

Eni S.p.A. has sold a 20% stake in Plenitude S.p.A. to Ares Management for €2 billion, valuing Plenitude at €10 billion in equity and over €12 billion in enterprise value. This sale is part of Eni's strategy to enhance its energy transition subsidiaries by attracting strategic partners and capital for growth.

Eni and PETRONAS Form New Joint Venture for Upstream Assets in Indonesia and Malaysia

Eni S.p.A. and PETRONAS have established a joint venture, NewCo, to manage 19 upstream assets in Indonesia and Malaysia. The venture aims for an initial production of over 300,000 boe/d, with a target of exceeding 500,000 boe/d in the medium term. Over the next five years, NewCo plans to invest over USD 15 billion in new projects and exploration wells, with the deal expected to close in 2026, pending regulatory approvals.